South Korea’s Shipbuilding Market Share Drops Amidst China’s Surge
China’s aggressive low-cost strategy has significantly impacted South Korea’s position in the global shipbuilding market, causing its market share to plummet to 10%. This shift has raised concerns about South Korea’s future competitiveness in the industry, with calls for substantial investments to avoid missing the critical window of opportunity. According to a report by the … Continue reading South Korea’s Shipbuilding Market Share Drops Amidst China’s Surge
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